Silicom Ltd (NASDAQ:SILC) Stake Cut by Nationwide Fund Advisors
Nationwide Fund Advisors reduced its position in Silicom Ltd (NASDAQ:SILC) by 8.9% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 3,236 shares of the technology company’s stock after selling 316 shares during the period. Nationwide Fund Advisors’ holdings in Silicom were worth $161,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Guggenheim Capital LLC boosted its position in Silicom by 23.7% in the fourth quarter. Guggenheim Capital LLC now owns 25,394 shares of the technology company’s stock worth $1,043,000 after buying an additional 4,858 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Silicom during the fourth quarter worth $242,000. A.R.T. Advisors LLC bought a new stake in shares of Silicom during the fourth quarter worth $254,000. State Street Corp raised its stake in shares of Silicom by 2.1% in the fourth quarter. State Street Corp now owns 73,088 shares of the technology company’s stock worth $3,001,000 after buying an additional 1,510 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in shares of Silicom during the fourth quarter worth $462,000. Institutional investors own 25.43% of the company’s stock.
Shares of Silicom Ltd (NASDAQ:SILC) traded up 0.52% on Monday, reaching $52.48. 36,853 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $48.76 and a 200-day moving average price of $45.61. The company has a market cap of $389.40 million, a PE ratio of 27.12 and a beta of 1.22. Silicom Ltd has a 12-month low of $34.46 and a 12-month high of $56.99.
Silicom (NASDAQ:SILC) last released its quarterly earnings results on Monday, July 24th. The technology company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Silicom had a net margin of 13.34% and a return on equity of 11.94%. The business had revenue of $30.30 million for the quarter, compared to analysts’ expectations of $28.33 million. During the same period last year, the business earned $0.63 EPS. The company’s revenue was up 16.5% compared to the same quarter last year. Equities research analysts anticipate that Silicom Ltd will post $2.74 EPS for the current fiscal year.
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Several equities research analysts recently commented on the stock. BidaskClub lowered shares of Silicom from a “buy” rating to a “hold” rating in a research note on Saturday. Needham & Company LLC boosted their price objective on shares of Silicom from $56.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, April 28th.
Silicom Company Profile
Silicom Ltd. (Silicom) is engaged in the design, manufacture, marketing and support of networking and data infrastructure solutions for a range of servers, server-based systems and communications devices. The Company’s products include server network interface cards with and without bypass (Server Adapters); Intelligent and programmable cards, with features, such as encryption, acceleration, data compression, redirection, time stamping, network capture solutions, field programmable gate array (FPGA) based ultra-low latency solutions, and/or other offload features and/or compute blades (Smart Cards), and standalone Products.
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